Passengers and crew on the ET 302 flight were from 35 different nationalities.

Igor Espanhol's insight:

"One hundred and fifty seven people from 35 different nationalities were killed today (Mar. 10) after their Ethiopian Airlines flight en route from Addis Ababa to Nairobi crashed minutes after take off."

Humanitarian & Cultural Causes in Africa
Social, Humanitarian & Cultural Causes in Africa. Investors Europe Sponsors Aurelie D'Unienville. http://www.aureliemarrierdunienville.com/ http://www.investorseurope.net/en/managing-director . Disclaimer : this page is not intended for any specific nationality or jurisdiction. It is also not intended to solicit clients from any specific jurisdiction including the Republic of Mauritius inter alia.
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The Southern African nation’s economy is experiencing a severe dollar crunch and faces more headwinds from a drought this year that has wilted crops and left up to 5.3 million people in need of food aid, according to a U.N. humanitarian agency.

Igor Espanhol's insight:

"Zimbabwe expects to raise $350 million from selling shares in five state-owned telecommunications companies and a bank, as part of economic reforms being pursued by the government, Finance Minister Mthuli Ncube said in a statement."

Only 84 deaths have been confirmed so far in Mozambique as a result of Cyclone Idai, which has also left a trail of death and destruction across Zimbabwe and Malawi, with vast areas of land flooded, roads destroyed and communication wiped out.

Igor Espanhol's insight:

"The number of people killed in a powerful storm and preceding floods in Mozambique could exceed 1,000, the president said on Monday, putting the potential death toll greatly more than current figures."

Being incorporated outside Africa is also often also a practical business choice for startups given the regulatory uncertainty in several African markets.

Igor Espanhol's insight:

"While the company runs the largest e-commerce business across Africa with operations in 14 countries including Nigeria, Kenya, Morocco and Egypt, it is incorporated in Germany, has its headquarters in Dubai with its central tech team based in Portugal, and as its IPO filing shows, will be listed in New York."

A preliminary report on the crashed Ethiopian Airlines will be issued in 30 days.

Igor Espanhol's insight:

"Ethiopian transport minister Dagmawit Moges on Sunday (March 17) said an initial analysis of the black boxes recovered from the wreckage showed “clear similarities” between the two crashes. The Lion Air plane crashed into the sea minutes after departing Jakarta in late October, killing all 189 people on board. On March 10, the Nairobi-bound Ethiopian flight plunged outside Addis Ababa minutes after takeoff, killing all 157 people."

British forces went on a looting spree, taking so much bounty after the Battle of Maqdala they needed 15 elephants and 200 mules to cart it away

Igor Espanhol's insight:

"The recent announcement that a British museum will return two stolen locks of hair from a 19th century Ethiopian king was hailed as an “exemplary gesture of goodwill” by the Ethiopian Embassy in London. The hair was cut from Emperor Tewodros II’s head after he shot himself rather than be taken prisoner by invading British forces. The forces attacked his fortress at Maqdala during Easter in 1868."

"In Mozambique, the cyclone submerged 90% of the fourth-largest city Beira, according to the Red Cross. The Pungue and Buzi rivers overflowed, submerging entire villages, while mudslides rolling down from Mount Chiluvo devastated others. It’s the deadliest storm since Cyclone Eline in 2000, which led to around 700 deaths."

One hundred and twenty seven individuals changing the world are joining this year’s cohort of Young Global Leaders, a dynamic community of people under the age of 40 who represent the best of their generation.

Igor Espanhol's insight:

"The class of 2019 includes the most decorated Olympian female swimmer of all time, the founder of the first app providing advice on contraception in Bangladesh, the managing director of a leading supermarket chain looking to ban plastic packaging, and a female scientist whose work is revolutionizing batteries."

Zimbabwe’s Finance Minister Mthuli Ncube reveals why he believes the country is on a journey of reform. Nobody ever said it wouldn’t be a bumpy ride; but the most important thing is that the journey has begun, and we are heading in the right direction.

Igor Espanhol's insight:

"Zimbabwe is on a journey of reform. Nobody ever said it wouldn’t be a bumpy ride; but the most important thing is that the journey has begun, and we are heading in the right direction."

Allan Gray’s Duncan Artus and Nathan Wridgway argue now does not appear to be the time to have 100% of your assets invested in rand-based money market funds.

Igor Espanhol's insight:

"The end of the calendar year often leads to reflection on how one’s investments have performed. Many savers are questioning the wisdom of investing in South African equities after a lean period, especially relative to what must currently feel like the safe haven of cash. This has led to a surge in interest in money market and income funds."

"Nigeria’s universities have been under-funded for decades. Like a talented but under-achieving football team, fail to achieve goals because the country hasn’t invested enough in their structure, their facilities and their people."

"South Africa’s unemployment rate remains stubbornly high, and now the countries rates of diseases like diabetes are also rising. The two rates are now pitted against each other, as a tax aimed at reducing the consumption of sugary drinks and improving citizens’ health in the long-run, is said to be leading to short-term job losses."

"The ability to raise revenues from taxes, called “fiscal capacity”, is a crucial aspect for the functioning of any state. Being able to tax citizens, and collect revenues efficiently, is a cornerstone of state formation and survival. Secondly, greater fiscal capacity implies greater access of the state to resources needed to provide public goods and services."

If social media can bring down a bank, can it bring down a government?

Igor Espanhol's insight:

"It began with a rumor. Late on the night of Sunday, Apr. 3, 2016, messages tore through Kenya’s numerous WhatsApp groups that one of the country’s best known mid-sized banks–Chase Bank–was in trouble."

Macron is the first sitting French president to visit Kenya since its independence in 1963.

Igor Espanhol's insight:

'In a four-day trip to Djibouti, Ethiopia, and Kenya, the French president is undertaking a strategic tour aimed at deepening economic and political ties, boosting the role of French businesses in the region, and countering China’s growing place on the continent, besides signing a mix of both military, infrastructure, and creative deals."

The African dictionary allows for a better understanding of the contributions the continent has made to the understanding of everyday politics.

Igor Espanhol's insight:

"Every country has its own political language. These terms and phrases that have developed over time give distinctive meanings that may not be fully understood by outsiders. Unless we learn them, we may miss critical information about how politics really works."

Despite mounting bullish geopolitical news, U.S. shale production has kept a relative lid on oil prices, but that could soon be coming to an end

Igor Espanhol's insight:

"A collapse of production in Venezuela, aggressive production curtailments from OPEC+, relatively strong demand and an economy humming along – and oil prices are still sharply below the highs seen last year."

Here are a series of bespoke solutions to meet your global investment needs allowing for seamless reporting of all your offshore holdings, across geographies, currencies and asset classes, all done within one seamless portfolio and client statement.

Igor Espanhol's insight:

"We are excited to offer you a series of bespoke solutions to meet your global investment needs allowing for seamless reporting of all your offshore holdings, across geographies, currencies and asset classes, all done within one seamless portfolio and client statement."

Various countries grounded Boeing's 737 MAX 8 following the Ethiopian Airlines passenger jet that plunged to the ground killing all 157 people aboard.

Igor Espanhol's insight:

" Singapore suspended operations of all Boeing 737 MAX aircraft in and out of Changi airport on Tuesday, and Indonesia and China grounded their fleets of the U.S. planemaker’ s latest model after it suffered a second fatal crash in less than five months."

There could be an intriguing contest for the presidency of the party between the incumbent Nelson Chamisa and the secretary-general Douglas Mwonzora. The two have a history of rivalry.

Igor Espanhol's insight:

"The Movement for Democratic Change-Alliance, Zimbabwe’s largest opposition party, has announced that it will hold its elective congress in May 2019. The announcement has stirred interest – inside and outside the party. This is because there could be an intriguing contest for the presidency of the party between the incumbent Nelson Chamisa and the secretary-general Douglas Mwonzora. The two have a history of rivalry."

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